Business news

Listen to the business news to practise and improve your listening skills.

Instructions

Do the preparation task first. Then listen to the audio and do the exercises.

Transcript

The first item in the news today is the recent elections that took place across the country. This was a crucial vote, which may see a dramatic change in how the country develops over the coming years. Overall, a 54.5 per cent voter turnout was registered. This represents an increase of 11 per cent over the previous election and six per cent above the average for the past 50 years. There has also been a slight change in demographics, with an increase in youth turnout in the 18- to 24- and 24- to 29-year-old brackets. Despite this increase, young people are still less likely to vote than older people; 84 per cent of voters in the 70 plus age group came to the polling stations.

Moving on, the global digital powerhouse ONK today posted quarterly results which were above forecast. Back in March, Tim Bolling, CEO, issued a profit warning over fears that there would be losses following the recall of their leading product, the 40d device. In fact, the company posted quarterly revenue of US$14.8 billion which represents an increase of 11 per cent from the same quarter a year ago. They also announced that they had sold 21 million 40d devices over the quarter. The company has provided the information that with this level of revenue, there will be a gross margin of 34 to 35 per cent, ultimately leading to a US$1.20 per share cash dividend awarded to shareholders.

And in our final news item we ask, will we soon be saying goodbye to coins and notes forever? The nationwide trend of using cashless payment options is increasing. There are a number of reasons for this development. A key reason for this is a growing interest in reducing the number of items people need to leave their homes with. As almost everyone carries a smartphone with them, and many people also have smartwatches, the ability to pay for things using one of these two technologies is particularly appealing. More and more retailers are accepting cashless payments and in some cases they've stopped accepting cash altogether.

Discussion

Download
Worksheet87.93 KB

Language level

Do you need to improve your English listening skills?
Join thousands of learners from around the world who are improving their English listening skills with our online courses.
Average: 5 (2 votes)

Submitted by Minhhanhtran on Thu, 05/05/2022 - 04:22

Permalink

I rarely use cash to pay something. I prefer to use my credit card for payment or I use my phone for transfering money

Submitted by jmajo on Tue, 05/04/2022 - 16:07

Permalink

Well, related to the increasing use of bicycles in my country as a mean of transport, there was an increase of 15% in their use over the las 2 years according to the statistics given by the capital government, that is part due to the new infrastructure built in the city and because of the pandemic, which cause a decrease in the use of the public transport like the buses or taxis, lots of people changed the bus as a mean of transport for the bicycle or electric bicycles, but there is a lack of good cultural driving practices in the drivers of cars and other motor vehicles to respect the bicycles in general in the traffic, I hope these to change with time and more drivers take the bicycle as an other vehicle as well as the cars.

Thanks for the lesson.
Great site!

Submitted by vuhoap on Sun, 09/01/2022 - 14:06

Permalink

Let me give a brief history of android version. The version history of the Android operating system began with the release of the Android 1.0 beta in November 2007. Since April 2009, each Android version has been developed under a codename based on a dessert item. These versions have released in alphabetical order: Cupcake, Donut, Eclair, Froyo, Gingerbread, Honeycomb, Ice Cream Sandwich, Jelly Bean, KitKat, Lollipop, Marshmallow, Nougat, Oreo and Pie.

Submitted by Abrarhussain on Tue, 31/08/2021 - 00:01

Permalink
Currency notes and coins are symbols of a country. Countries in the world refresh memories of their heroes through currency notes and coins. Otherwise new generations would never know their heroes and their deeds. In short currency notes and coins has their own attraction. All ages of people in the world are like currency notes and coins.

Submitted by GiulianaAndy on Wed, 21/07/2021 - 20:01

Permalink
Hello, thanks for the audio. It was tricky at the beginning, but I got used to it. I have an issue with this English exercise: - Lina,. , was very pleased to attend the meeting. The options to filling the gap are: Too, also and as well as. Could you help me please?

Hello GiulianaAndy,

Please note that we don't normally help our users with questions from other sources, as it's challenging enough for us to keep up with all the questions about our own materials.

'too' is the correct option here. I'd refer you to the Cambridge Dictionary page on these three words.

All the best,

Kirk

The LearnEnglish Team

Submitted by Suraj paliwal on Wed, 21/04/2021 - 06:24

Permalink
In india, GDP was falling about 23% according to world bank data due to covid. Unemployment rate in India is highest 40theenth years. Corruption is danger than covid.

Submitted by Cira on Tue, 09/03/2021 - 03:59

Permalink
The impact of COVID-19 on international tourism has been overwhelmed within the last two years. In 2019, 100% of worldwide destinations introduced travel restrictions and 27% of the countries kept their borders completely closed for international flights. In consequence, there was a -74% of loss for international arrivals around the world.

Submitted by marlio96 on Fri, 05/02/2021 - 16:26

Permalink
The pandemic COVID-19 has caused a decrease in employment in Colombia, 25 percent of Colombians are unemployed due to the health crisis that has kicked the country since last year.
Profile picture for user El Cuy Mágico

Submitted by El Cuy Mágico on Sat, 30/01/2021 - 23:29

Permalink
In 2019 Peru was the 5th best economy in Latin-American but at the same time my country was one of those invested the least in public health. The government invested only 3.3% of GDP. To put it in context, in Chile, a neighboring country, they invested a 5% of GPD in health. Two years later we realize corruption is more dangerous than any virus.